Ask question

Ask question

All categories

2 years ago

15

for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably l

abeled? thanksss :))

1 answer:

atroni [7]2 years ago

5 0

<h3>You can refer to the attachment!!</h3>

You might be interested in

Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.

storchak [24]

Answer:

Ans. your monthly payment, for 30 years is $9,257.51 if you buy a property worth $1,000,000 and you make a down payment of $100,000

Explanation:

Hi, first we have to change the fixed rate in terms of an effective monthly rate, which is 1% effective monthly (12% nominal interest/12 =1% effective monthly). After that, take into account that the property is going to be paid in 30 years, but since the payments are going to be made in a montlhly basis, we have to turn years into months (30 years * 12 = 360 months).

After all that is done, all we have to do is to solve the following equiation for "A".

$PresentValue=\frac{A((1+r)^{n} -1)}{r(1+r)^{n} }$

Where:

A= Annuity or monthly payment

r= Rate (effective monthly, in our case)

n= Periods to pay (360 months)

Everything should look like this.

$900,000=\frac{A((1+0.01)^{360} -1}{0.01(1+0.0.1)^{360} }$

$900,000=A(97.2183311)$

$\frac{900,000}{97.2183311} =A$

$A=9,257.51$

Best of luck.

6 0

3 years ago

What are the three most critical components that a marketer needs to examine to segment a market effectively?

Georgia [21]

1. Identifiability (and measurability)
2. Accessibility
3. Responsiveness

1. Identifiability
- the target market must be identifiable to determine which of the
consumers belong to the segment. The target market must be well-
defined and measurable, particularly in terms of population, income, and
age bracket.

2. Accessibility
- this refers to the ease of reaching the identified market segment in terms
of geography and economy with appropriate market strategies.

3. Responsiveness
- the target market should be evaluated if they will respond (i.e. purchase)
the products and services created for them. There is little point in
identifying a market, creating a product, and developing marketing
strategies if the consumers themselves see little value in what is being
offered to them. Thus, the products and services must meed the
consumers' or organizations' needs.

4 0

3 years ago

Total profit is maximized a. where the difference between total revenue and total cost is greatest. b. at that output level wher

Bess [88]

I believe that the correct answer is b

4 0

3 years ago

What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

Thus, we expect to lose $0.37 per lottery ticket

7 0

3 years ago

A monopolist faces a demand curve given by: P = 105 – 3Q, where P is the price of the good and Q is the quantity demanded. The m

geniusboy [140]

Answer: 15

Explanation:

For profit to be maximized by a monopolist, the marginal revenue and marginal cost must be gotten.

P= 105-3Q

MC= 15

Since total revenue is price × quantity, TR= P×Q = (105-3Q)Q

= 105Q-3Q^2

MR= 105-6Q

Since we've gotten marginal revenue and marginal cost, we equate both together.

MR=MC

105-6Q = 15

6Q = 105-15

6Q=90

Divide both side by 6

6Q/6 = 90/6

Q= 15

The quantity that will maximise profit is 15

6 0

3 years ago